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called in a senate colleague vice president joe biden. >> willing to work with whoev er can help. it remain as possible sticking point. appears to be a willingness and interest or the courage to close the deal. >> top on the republican side sound hopeful because they believe vice president biden can cut a deal but it may not be tonight. >> president obama putting pressure on lawmakers to reach a deal. mr. obama making remarks about the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was pounding the same message again and again f. we go up the fiscal cliff for not meeting them halfway. >>> not because democrats and congre congre congress don't want to go ahead and cooperate but i thin
called in a senate colleague vice president joe biden. >> willing to work with whoev er can help. it remain as possible sticking point. appears to be a willingness and interest or the courage to close the deal. >> top on the republican side sound hopeful because they believe vice president biden can cut a deal but it may not be tonight. >> president obama putting pressure on lawmakers to reach a deal. mr. obama making remarks about the fiscal cliff aired it earlier today. he...
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. >> the two people were senate republican lea leader mitch mcconnell and joe biden who worked the phones after talks between mcconnell and harry reid stalled. >> discussions continue today on plan to affect the middle class families from the tax increase tomorrow. there are a number of issues in which the two sides are still apart. negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. i would set the tax rate for upper income people at 39.6%. the rate under president clinton. the states would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extented a year, as with the medicare doc fix. it would permanently fix the a terptive minimum tax. a big concern for many republicans are there are no new spending cuts. >> history has a way to repeat itself. >> somehow washington never gets the message. >> here we are, 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >>
. >> the two people were senate republican lea leader mitch mcconnell and joe biden who worked the phones after talks between mcconnell and harry reid stalled. >> discussions continue today on plan to affect the middle class families from the tax increase tomorrow. there are a number of issues in which the two sides are still apart. negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and...
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this. >> the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from tax increase tomorrow. there are a number of issues on which the two sides are still apart, negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. it would set the tax rate on upper income people at 39.6%. the rate under former president bill clinton. estates would be taxed at 40% above $5 million for individuals, and $10 million for a married couple. unemployment benefits would be extended a year as would the medicare doc fix it would permanently fix the alternative minimum tax. a big concern for republicans is there are no new spending cuts. >> history has a way of repeating itself. somehow washington never gets the message. here we are 30 years later on the brink of an
this. >> the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from tax increase tomorrow. there are a number of issues on which the two sides are still apart, negotiations are continuing as i speak. >> the agreement would set the threshold...
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, the name we haven't heard is vice-president joe biden. what's the significance of them bringing him in in the 11th hour discussion? >> i think it's important because he was in delaware this weekend and all of a sudden, suddenly, rushed back to the white house early today and that's significant because when they had things all boxed up a year and a half ago on the debt ceiling and looked like they'd hit a brick wall, it was joe biden reaching out to mitch mcconnell and bridged the divide and magically had a deal and some senior aides who say joe biden might be the key to unsticking this, afternoon biden and mcconnell worked on the debt ceiling, many years in the senate, obviously, together and that's why they have that relationship, there's some in the white house who call the vice-president the mcconnell whisperer, as if he has some sort of magic potion that bring people together. >> stuart? >> can i just ask you, ed, if there's any deal you've heard of that's bandied around here, any deal at all from either side which would cut spending
, the name we haven't heard is vice-president joe biden. what's the significance of them bringing him in in the 11th hour discussion? >> i think it's important because he was in delaware this weekend and all of a sudden, suddenly, rushed back to the white house early today and that's significant because when they had things all boxed up a year and a half ago on the debt ceiling and looked like they'd hit a brick wall, it was joe biden reaching out to mitch mcconnell and bridged the divide...
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i will put up a little bit of a red flag in terms of joe biden the vice president trying to sell this to senate democrats. there are some senate democrats on the left who may say wait a second, if we go off the cliff and don't sign off on this deal instead of dealing with the threshold of $450,000 we will basically have all of the rates go back to the clinton levels and you lose the bush rates. and then they he could come back in three, four, five days and try to change the threshold and just have it $250,000 and above taxes go up. i'm not saying they will succeed in that but that is a possibility out there because another big thing that is happening in a few days is that senate democrats pick up more seats in the new congress. they picked up seats in the last election in the senate and the same thing in the the house so speaker boehner's hand will be weakened a little bit more in the days ahead because democrats have more seats in the house and same deal on the senate. that is why it is so pivotal now. the midnight deadline is almost a little bit artificial. they will vote at some po
i will put up a little bit of a red flag in terms of joe biden the vice president trying to sell this to senate democrats. there are some senate democrats on the left who may say wait a second, if we go off the cliff and don't sign off on this deal instead of dealing with the threshold of $450,000 we will basically have all of the rates go back to the clinton levels and you lose the bush rates. and then they he could come back in three, four, five days and try to change the threshold and just...
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we're expecting vice president joe biden may come up here at some point. senate democrats are telling us they expect that to be the case. there is some evidence of heart burn on the left some democrats who don't love the tax figure where it is set. they were hoping raising taxes on those making $250,000 and couples making more than 2506789 it looks like 450. but a retiring senate republican says it's a compromise. it's probably a fair deal. it's not something any of us would say i love it, i don't love it. but i think it is a good job of negotiating where there are some wins and some laws. >> so bottom line, there is still work ahead here in the senate tonight. if it were to pass at some point later tonight, then the house would take it up tomorrow, trace. >> trace: mike, got to be a number of lawmakers fed up with the whole process. >> that's absolutely right. we heard a number of lawmakers saying it's december 31st, we could have worked this out long ago. here is one house democrats complain speaker, the american people are looking at congress with disda
we're expecting vice president joe biden may come up here at some point. senate democrats are telling us they expect that to be the case. there is some evidence of heart burn on the left some democrats who don't love the tax figure where it is set. they were hoping raising taxes on those making $250,000 and couples making more than 2506789 it looks like 450. but a retiring senate republican says it's a compromise. it's probably a fair deal. it's not something any of us would say i love it, i...
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biden as a former senator and unstuck everything and in fact, joe biden got a nickname from top white house aides here as the mcconnell whisperer as if he had a magic potion to cut through the noise and we'll see if the whisperer comes back and we'll get sort of-- >> any kind of a whisper to get a deal. there's been so much shouting, maybe a whisper will help bring it together, harris. >> harris: i like that, the flip side. ed henry, thank you very much. >> reporter: good to see you. >> harris: we're only hours away from the markets hoping now for what will be the final trading day of 2012. and wall street is watching washington very carefully. not only because of the fiscal cliff fight, but because of another potential crisis looming in the wings. remember this? our nation's enormous debt. joining me now again, gerri willis, anchor of the willis report on the fox business network. you know, i followed something called the debt tally on twitter and it shows you that it changes every second or so, and not in a good way, all day long. we learned last week from treasury secretary timothy
biden as a former senator and unstuck everything and in fact, joe biden got a nickname from top white house aides here as the mcconnell whisperer as if he had a magic potion to cut through the noise and we'll see if the whisperer comes back and we'll get sort of-- >> any kind of a whisper to get a deal. there's been so much shouting, maybe a whisper will help bring it together, harris. >> harris: i like that, the flip side. ed henry, thank you very much. >> reporter: good to...
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he has been speaking to vice president joe biden throughout the day. it seems like there is some progress that appears to be -- rick: he said we are very, very close an says he agrees with the president who spoke during our program. when the president said the top priority is taking care of keeping those tax rates for the middle class down, mitch mcconnell saying that is the top priority and we can get it done. so let's get it done. those are probably the most optimistic words we have heard from senator mcdmonl some time. very, very close. sounds very, very promising. but there is so much to do, so much to get done parliamentary, it's sort of an organizational-wise. it's hard to get it done by midnight tonight. that what we'll be watching for in the hours ahead. arthel: for the americans who are frustrated to hear m connell say let's take care of those middle class families and we'll deal with the rest later. rick: this is a deal primarily between mitch mm connell and joe biden after some stalled efforts. they put off what they call the sequestration a
he has been speaking to vice president joe biden throughout the day. it seems like there is some progress that appears to be -- rick: he said we are very, very close an says he agrees with the president who spoke during our program. when the president said the top priority is taking care of keeping those tax rates for the middle class down, mitch mcconnell saying that is the top priority and we can get it done. so let's get it done. those are probably the most optimistic words we have heard...
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biden. they have been talking nonstop about trying to come to some conclusion. a little bit of a scaled back version of the original grand bargain to deal with the expiring bush era tax cuts and also to deal with the impending sequester, the across-the-board cuts that would hit the pentagon and also domestic spend ising. they have according to the white house and senate republicans reached a deal but vice president biden is up on the senate side right now behind closed doors trying to convince some skeptical senate democrats to sign on to this before this piece of legislation hits the senate floor. we begin with our restart and to tell us exactly where we are at this hour, and this hour by the way is just two hours ahead of 2013. there you see the specifics of the deal. the framework. tax hikes on family income above $400,000 for an individual. $450,000 for a family. the top tax rate going to 39.6% from 35. 39.6% is the clinton range. the tax rate back in president clinton's term in office.
biden. they have been talking nonstop about trying to come to some conclusion. a little bit of a scaled back version of the original grand bargain to deal with the expiring bush era tax cuts and also to deal with the impending sequester, the across-the-board cuts that would hit the pentagon and also domestic spend ising. they have according to the white house and senate republicans reached a deal but vice president biden is up on the senate side right now behind closed doors trying to convince...
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joe biden stepped in. he spent many decades in the chamber. he has personal relationship with mitch mcconnell. depends how you view the deal. if you think mcconnell did the right thing he is winner. if you think he sold the republican out he is loser. harry reid basically went awol over the weekend. he is presiding over the senate that killed every single piece of legislation it received from the house. which is why we have government en1342 days without the senate passing a budget. you have dysfunctional leadership in the senate. i do think we actually got something now that the house can consider and it could be viewed as positive depending where you sit. heather: have a feeling it will be another long day. we left out the most important element. that would be the american people. yet to be determined if they are winners or losers in this. thank you so much for joining us. >> heap knew year. heather: yes, you too. rick: poor, leon lett i bet he thought people forgetten about that. of course tony reminded everybody. colorado seeing a definite
joe biden stepped in. he spent many decades in the chamber. he has personal relationship with mitch mcconnell. depends how you view the deal. if you think mcconnell did the right thing he is winner. if you think he sold the republican out he is loser. harry reid basically went awol over the weekend. he is presiding over the senate that killed every single piece of legislation it received from the house. which is why we have government en1342 days without the senate passing a budget. you have...
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apparently mcconnell said he spoke with vice president joe biden at 6:30 a.m. this morning. at 12:45 last night, which is technically a.m. asked if he was going to talk with him again? he said we'll get back. he was mum on whether he had spoken to senator harry reid. if something will be on the floor today and his optimism level, really just not talking about that so far. so we'll wait and see. heather: secretary of state hillary clinton's recent health problems taking a turn for the worst. secretary clinton is currently in a new york hospital today undergoing treatment for a blood clot. the condition stemming from a concussion that she sustained earlier this month and joining us now, the chief of division of robotics at mt. sinai hospital and a fox news medical a-teamer. thanks so much for joining us. >> sure, heather. heather: what i said in the introduction is just about all we know because a lot of information is not being released about this. can you fill in the blanks for us? where could or would this blood clot possibly be located? >> well it's a pleasure. first of al
apparently mcconnell said he spoke with vice president joe biden at 6:30 a.m. this morning. at 12:45 last night, which is technically a.m. asked if he was going to talk with him again? he said we'll get back. he was mum on whether he had spoken to senator harry reid. if something will be on the floor today and his optimism level, really just not talking about that so far. so we'll wait and see. heather: secretary of state hillary clinton's recent health problems taking a turn for the worst....
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vice president joe biden and senate minority leader mitch mcconnell the republican leader have been the key figures in these negotiations after talks stalled over the weekend between mcconnell and senate majority leader harry reid. mcconnell says he and the vice president spoke last night at 12:45, again at 6:30 this morning. mcconnell explained why he reached out to his former senate colleague mr. biden. >> i also placed a call to the vice president to see if he could help jump start the negotiations on his side. the vice president and i have worked together on solutions before, and i believe we can again. >> obviously we were watching to see what the senate does at this hour, what is said at this point i'm hearing it sound like 2:00 eastern time may be another critical time, when they may run by their members, the republicans and the democrats, the latest on those talks, and if there is a deal the details of the deal, jon. jon: we just had senate majority leader read making some remarks from the microphone, perhaps i'll get to word from the control room in just a bit as to what he had
vice president joe biden and senate minority leader mitch mcconnell the republican leader have been the key figures in these negotiations after talks stalled over the weekend between mcconnell and senate majority leader harry reid. mcconnell says he and the vice president spoke last night at 12:45, again at 6:30 this morning. mcconnell explained why he reached out to his former senate colleague mr. biden. >> i also placed a call to the vice president to see if he could help jump start the...
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. >> shannon: a task force led by vice-president joe biden has been established to find ways to curb gun violation. lawmakers are back on capitol hill. but are they any closer to reaching an agreement, aimed at heading off a fiscal meltdown? let's ask them. we have two congressmen here. gentlemen, welcome to you both. >> good to be here. >> shannon: congressman kucinich, the spending side, do you feel there are areas where the government could cut as part of this negotiation in process? >> certainly, i have been arguing for years, we could cut spending at the pentagon. there are a lot of programs that are wasteful. we could stop the expansion of a war into the middle-east. that would save a lot of money. it is not that difficult to cut spending. the problem is that we have a manufactured crisis. they are trying to manufacture consent for a deal that would be otherwise unacceptable. so the members of congress and the american people. i don't think many people are thinking about having to watch what is going on in congress on new year's eve. we govern 365 days a year -- or should and t
. >> shannon: a task force led by vice-president joe biden has been established to find ways to curb gun violation. lawmakers are back on capitol hill. but are they any closer to reaching an agreement, aimed at heading off a fiscal meltdown? let's ask them. we have two congressmen here. gentlemen, welcome to you both. >> good to be here. >> shannon: congressman kucinich, the spending side, do you feel there are areas where the government could cut as part of this negotiation...